Latest news with #Tata
Time of India
a day ago
- Entertainment
- Time of India
Ayush Mehra and Yashaswini Dayama celebrates sibling love with CaratLane
CaratLane – a Tata product and India's omni-channel jewellery brand, has unveiled its heartwarming Raksha Bandhan campaign featuring internet's favourite sibling duo, Ayush Mehra and Yashaswini Dayama . Known for their effortless chemistry and playful energy, the duo brings to life the sweet, relatable dynamic that defines countless brother-sister relationships. The campaign film captures the essence of Raksha Bandhan—blending humour, nostalgia and genuine emotion. From quirky sibling banter to touching gestures of care, the film is a tribute to bonds that grow stronger with time. It reminds us that it's not just the ritual, but the love and effort behind it that makes Rakhi truly special. Shaifali Gautam, chief marketing officer, CaratLane, said, 'With Ayush and Yashaswini, we've brought alive that joyful dynamic in a way that feels real and relatable. This year, we're excited to make gifting more meaningful for families across the globe with our expanded international shipping—enabling customers to send a piece of their heart, beautifully crafted in jewellery.' With siblings across the globe often relying on couriers or third-party platforms to send Rakhi gifts, this move makes CaratLane jewellery a more thoughtful, accessible, and seamless gifting option, no matter where your sibling is, the press release shared with ETBrandEquity stated. Watch the video here:
Fashion Value Chain
a day ago
- Entertainment
- Fashion Value Chain
CaratLane's Rakhi Ad Celebrates Sibling Love Worldwide
CaratLane, a Tata product and India's leading omni-channel jewellery brand, launches its Raksha Bandhan campaign with beloved internet personalities Ayush Mehra and Yashaswini Dayama. Known for their natural sibling-like chemistry, the duo beautifully captures the quirks, laughs, and heartfelt moments that define the sibling bond. The campaign film is a light-hearted yet emotional portrayal of the timeless Raksha Bandhan tradition, celebrating the everyday warmth, teasing, and love that siblings share. With nostalgic moments and relatable sibling banter, the film reminds viewers that Rakhi is less about the formality and more about the love and intention behind it. Shaifali Gautam, Chief Marketing Officer of CaratLane, commented, 'Raksha Bandhan is a celebration of love and nostalgia. Ayush and Yashaswini perfectly bring out that sibling magic. We're also excited to make gifting easier for global families through our expanded international shipping—so brothers and sisters across the world can share a meaningful Rakhi moment.' This year, CaratLane strengthens its global reach with expanded international shipping to over 30 countries, including Germany, Ireland, Japan, Saudi Arabia, Netherlands, Brazil, Sri Lanka, and more. This makes sending jewellery gifts simpler and more meaningful for siblings separated by distance. In a season rooted in tradition and affection, jewellery remains a timeless symbol of lasting memories. A Rakhi gift from CaratLane becomes more than an ornament—it becomes a cherished keepsake that honours the enduring bond between brothers and sisters.
Economic Times
a day ago
- Business
- Economic Times
Tata Sons expects reprieve from forced IPO amid regulator review
Tata Sons Pvt., the closely-held holding company of India's salt-to-software conglomerate, is not making any preparations for a near-term share sale as it believes the country's regulators will extend a deadline to take itself public, said people familiar with the matter. ADVERTISEMENT Following engagement with officials, the company's leaders expect it will receive official communication from the Reserve Bank of India granting extension for an initial share sale amid a nationwide review of rules governing entities that are not public-facing and do not require public funds, said the people, who asked not to be named discussing information that's sensitive. The RBI had earlier classified Tata Sons as a top tier non-banking lender, forcing it to list by September this year. Tata Sons, which is not a customer-facing financial institution, had last year applied to deregister as a Core Investment Company under the shadow bank framework. The company has controlling stakes in over a dozen large listed Tata companies, and is in turn administered by Tata Trusts, a philanthropic arm, with 66% stake in Tata a listing would simplify the complicated holding structure of the Tata Group, taking the company public risks making it a target for takeover — something that Tata Sons directors hold the power to veto in its current form.A representative for the Tata Group declined to comment, while the RBI didn't immediately respond to an emailed query. ADVERTISEMENT However, any delay in a Tata Sons' initial public offering means the debt-laden Shapoorji Pallonji Group won't get an opportunity to sell any of the illiquid 18.37% it owns in the Tata holding 160-year-old conglomerate, which has been struggling with financial stress fueled by the Covid-19 pandemic, was looking to liquidate its stake in Tata Sons as a crucial step to pare debt. ADVERTISEMENT Tata Sons cleared all debt from its balance sheet to avoid inclusion in RBI's 2023 list of top Non-Banking Financial Companies. While the RBI hasn't yet announced a decision on Tata Sons' status, Governor Sanjay Malhotra last month hinted at a differential regulatory framework for entities like it.'It is dynamic,' Malhotra had said. 'Policies have to change with the times and so it is only in that context that we are going to review some of these policies related to Type-I NBFCs.' ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Indian Express
3 days ago
- Business
- Indian Express
AI 171 crash: Interim compensation released to families of 147 of 229 deceased passengers, 19 persons who perished on ground
Following the tragic crash of Air India flight AI 171 on June 12, the Tata group airline has so far released the Rs 25-lakh interim compensation to the families of 147 of the 229 passengers who perished in the crash and 19 who were killed at the accident site. The crash claimed a total of 260 lives–229 of the 230 passengers on board the Boeing 787-8 aircraft, 12 flight and cabin crew personnel, and 19 persons on the ground. It was the worst aviation disaster involving an Indian airline in four decades. 'Air India has, so far, released the interim compensation to the families of 147 of the 229 deceased passengers and also the 19 who lost their lives at the accident site. In addition, the requisite documents of 52 others have been verified, to whose families the interim compensation will be released progressively,' Air India said in a statement Saturday. This interim payment will be adjusted against any final compensation that may be announced for the next of kin of the crash victims. The exact compensation and legal proceedings vary depending on the jurisdiction and whether the flight was domestic or international, according to experts. Airlines typically maintain liability insurance that covers passengers or their families in the event of injury or death, regardless of the cause of the accident. Compensation is largely governed by international or national aviation laws and the airline's own policies. Under the Montreal Convention, applicable to most international flights, airlines are strictly liable for damages up to a certain threshold — currently around SDR (special drawing rights) 128,821 or approximately Rs 1.50 crore per passenger — and can be held liable for higher amounts if negligence is proven. In cases where foreign nationals are among the deceased, their families have the option to file claims in jurisdictions such as the country of the carrier, the place where the ticket was purchased, or the home country of the victim. Since nationals from Britain, Canada, and Portugal were among the victims, compansation-related legal proceedings in courts of various international jurisdictions cannot be ruled out. According to insurance industry sources, the crash is expected to result in total claims of around Rs 4,000 crore (approximately $470 million), making it one of the most significant insurance events involving an aircraft accident. The aircraft hull alone is estimated to cost insurers and reinsurers about $80 million, with the engines valued at an additional $45 million. Liability claims related to passenger deaths are expected to reach approximately $350 million, though the final amount may vary depending on the number and nature of claims filed and the jurisdictions involved. Apart from the interim payout announced by the airline after the crash, its parent Tata Sons also pledged an ex-gratia payment of Rs 1 crore for each of the deceased. The payment will be through the Rs 500-crore AI-171 Memorial and Welfare Trust set up by Tata Sons. Apart from the ex-gratia compensation, the trust will support the rebuilding of the BJ Medical College hostel infrastructure that was badly damaged in the accident. 'The Trust will also provide aid and assistance for alleviation of any trauma or distress suffered by the first responders, medical and disaster relief professionals, social workers, and governmental staff who provided invaluable institutional support and service in the aftermath of the accident,' Air India said. Sukalp Sharma is a Senior Assistant Editor with The Indian Express and writes on a host of subjects and sectors, notably energy and aviation. He has over 13 years of experience in journalism with a body of work spanning areas like politics, development, equity markets, corporates, trade, and economic policy. He considers himself an above-average photographer, which goes well with his love for travel. ... Read More
Indian Express
4 days ago
- Business
- Indian Express
Under scrutiny after AI 171 crash, Air India must take all commentary constructively with ‘grace and an open mind', CEO Campbell Wilson tells staff
With Air India going through a period of 'intense scrutiny'—internal as well as external—in the wake of the June 12 crash of its flight AI 171 in Ahmedabad, the Tata group airline's chief executive officer Campbell Wilson has urged employees to take 'all commentary constructively with grace and an open mind' and act wherever there is an opportunity to do so. Wilson also underscored that Air India's systems and culture must 'prize transparency and integrity as well as action'. 'It is natural that, following an accident, there is a period of intense scrutiny. Some of it must come from internal examination and self-reflection, while some of it will come from external parties. Sometimes the extra attention means that normal issues get misinterpreted or sensationalised, but sometimes the scrutiny highlights genuine areas for improvement. We must take all commentary constructively with grace and an open mind and, where there is an opportunity to act, must do so. For, as I have said before, continuous improvement is a hallmark of aviation, and it is why the industry has become so dramatically safer over the years,' Wilson said in a message to employees. Wilson's comments come close on the heels of a few highly publicised aircraft snags over the past few weeks, which have drawn significant public attention in the wake of the Ahmedabad air crash, in which 260 persons perished—241 of the 242 people on board, and another 19 on the ground. The airline is also understood to be under the scanner of the Directorate General of Civil Aviation (DGCA) on safety-related issues. Over the past few weeks, Air India has been subject to a few regulatory actions by the DGCA, the latest being four show cause notices that were issued Wednesday—following voluntary disclosures from Air India—over lapses pertaining to inadequate cabin crew deployment, mandatory crew rest periods, and crew training and operational procedures. Of its own accord, the airline has taken a 'safety pause', which involves additional voluntary technical checks on aircraft and adopting a cautious approach in flight operations. 'As we approach the half-way mark of our Safety Pause, you will have read that we have now completed the inspection of fuel switches on our B737 fleet following the earlier exercise on our B787s. In both cases, nothing untoward was found. Reliability enhancement work, using the additional ground time made available by the Pause, continues, while partial restoration of our temporary schedule reduction commences on 1st August ahead of full restoration planned for 1st October,' Wilson told staff. A preliminary investigation report into the tragic accident said that the Air India Boeing 787-8 aircraft crashed after both its engines were starved of fuel as the two fuel control switches transitioned from 'RUN' to 'CUTOFF' position within a second of each other moments after lift-off. Following the initial probe report, the airline started voluntary checks of the fuel control switches on its Boeing 787 fleet, which was followed by a DGCA directive to all operators to do so on most of the Boeing aircraft registered in India. 'To improve, our culture and systems must prize transparency and integrity as well as action. And to support this, in recent years we have improved training and promulgated SOPs (standard operating procedures) to give direction and clarity, strengthened standards, instilled processes to drive compliance and consistency, and introduced performance management practices to rise higher,' Wilson told staff. The Air India CEO added that the airline has invested significantly in the adoption of digital systems to replace paper-based ones, in order to have 'more complete, accurate, accessible and usable data' that does not reside in silos. He said that Air India has focussed on improving reporting—on safety or other matters—by 'making it easier to do' with more encouragement and better protection for those reporting. 'But ultimately, performance and improvement are dependent on people. People following prescribed processes. People acting in a conscientious manner. People striving to do better. People doing the right thing, all the time, not just when someone else is watching,' Wilson said. 'It has been a challenging period for many, and we continue to provide support wherever needed. But I remain incredibly proud of the work being done to deliver the Air India experience to our customers. And our customers are acknowledging the effort through their responses to our post-flight surveys. So far in July more than 100,000 have taken the opportunity to give such feedback, and have collectively delivered us an all-time record high NPS (net promoter score) of +34. FY23's NPS was -17, FY24 was -3 and last year was +16,' the Air India CEO added. NPS is seen as an indicator of customer loyalty and satisfaction. It measures the willingness of customers to recommend a product or service to others. Sukalp Sharma is a Senior Assistant Editor with The Indian Express and writes on a host of subjects and sectors, notably energy and aviation. He has over 13 years of experience in journalism with a body of work spanning areas like politics, development, equity markets, corporates, trade, and economic policy. He considers himself an above-average photographer, which goes well with his love for travel. ... Read More
